WestLB Likely To Have Another Bad Year

The Evening Standard reports that WestLB's current trading year looks like stacking up to be almost as bad as the last one - and the German bank lost £1.2bn last time out.

With German regulators investigating the bank's risk controls and parts of the business up for sale or said to be almost dormant, WestLB staff could be forgiven for thinking that the future looks fairly bleak. If nothing else, the future looks uncertain.

The newspaper says that German analysts fear that this year's loss could be as big as last year's. WestLb has called this 'speculation', but has confirmed that the bank will again post a loss when the next set of full-year figures are announced.

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